India: OYO grants discounted ESOPs to make its staff shareholders

India: OYO grants discounted ESOPs to make its staff shareholders

The logo of OYO, India's largest and fastest-growing hotel chain, installed on a hotel building is seen through wires in an alley in New Delhi, India, September 25, 2018. REUTERS/Anushree Fadnavis

In a letter to employees, hospitality unicorn Oyo said they will be making every employee a shareholder in the company, providing them with ‘deeply discounted ESOPs’.